Iran acting tough on ONGC over development of gas field

Last Updated: Monday, May 11, 2015, 18:04

Indian firms have so far shied away from investing in Iran for the fear of being sanctioned by the US and Europe.

PM Modi to inaugurate Urja Sangam on March 27

Last Updated: Sunday, March 22, 2015, 11:32

Started as Hydrocarbons India Pvt Ltd on March 5, 1965 to carry out exploration and development of the Rostam and Raksh oil fields in Iran and undertaking a service contract in Iraq, OVL today has 36 projects in 17 countries.

OVL in talks to acquire stake in 2 Siberian oilfields

Last Updated: Wednesday, March 11, 2015, 15:53

While the Minister did not name the fields, sources said OVL was in talks for a stake in Vankor and Yurubcheno-Tokhomskoye fields.

US firm walks out of OVL's Russia project after US sanctions

Last Updated: Tuesday, January 6, 2015, 18:56

OVL, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), in September 2013, roped in Denver-based Liberty Resources to tap Bazhenov shale formations in Siberia.

OVL wants to dip into RIL payments to clear Venezuelean dues

Last Updated: Wednesday, December 17, 2014, 15:17

OVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC), holds 40 per cent stake in the San Cristobal oil project in Venezuela.

ONGC Videsh wins oil block in New Zealand

Last Updated: Tuesday, December 9, 2014, 19:14

ONGC Videsh Ltd, the overseas investment arm of India's biggest energy explorer, has won an offshore oil and gas block in New Zealand, the first domestic firm in this sector to have made it in that country.

Chevron and ONGC Videsh join New Zealand oil, gas search

Last Updated: Tuesday, December 9, 2014, 12:19

New Zealand awarded 15 oil and gas exploration licences on Tuesday, with U.S. giant Chevron and India`s ONGC Videsh joining the hunt in the South Pacific country for the first time.

ONGC to acquire stake in two Siberian oilfields

Last Updated: Thursday, December 4, 2014, 14:39

OVL is interested in expanding its presence in Russia as it looks to source one million barrels per day of oil and oil-equivalent gas from Russia.

India seeks LNG from Mozambique

Last Updated: Wednesday, January 15, 2014, 21:46

After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.

Sudan offers ONGC Videsh two oil and gas blocks

Last Updated: Tuesday, January 14, 2014, 19:03

Oil-rich Sudan Tuesday offered ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, two oil and gas blocks as India looks to strengthen energy ties with the African nation.

ONGC Videsh looking to buy small stake in Brazil''s Libra project

Last Updated: Tuesday, January 14, 2014, 18:30

ONGC Videsh (OVL), the overseas investment arm of state explorer Oil and Natural Gas Corp, is in talks with Petrobras to buy a stake in the Libra pre-salt project in Brazil, its managing director D.K. Sarraf said.

ONGC-Oil India complete acquisition of Videocon stake

Last Updated: Wednesday, January 8, 2014, 14:17

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group's 10 percent stake in a giant Mozambique gas field for USD 2.475 billion, the companies said Wednesday.